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IMPACT Silver Announces Second Quarter 2017 Financial and Production Results
IMPACT Silver Announces Second Quarter 2017 Financial and Production Results Canad...
About this update from Impact Silver Corp.
[{"type":"text","content":"\n\n\n\nIMPACT Silver Announces Second Quarter 2017 Financial and Production Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Aug. 22, 2017\n\n\n\nTrading Symbol: \"IPT: TSX.V\"\n\n\n\nVANCOUVER, Aug. 22, 2017 /CNW/ - IMPACT Silver Corp. (\"IMPACT\" or the \"Company\") announces its financial and production results for the second quarter of 2017. \n\nFred Davidson, President and CEO, stated, \"We started 2017 with a clean balance sheet and no debt along with news that IMPACT was named to the 2017 TSX Venture 50.  During the first half of the year, IMPACT invested heavily in upgrading and repairing its capital equipment while also trying to improve its throughput to partially compensate for weaker silver prices.  IMPACT is also actively expanding its in-mine exploration and development to provide additional tonnage throughput at the mill. We hope that these efforts will translate into better financial and operating performance in the latter half of the year. We look forward to our ongoing exploration plans at high potential targets and continue to evaluate strategic transactions to continue growing value for our shareholders.\"\n\nFinancial Overview\n\n\nRevenues remained the same at $8.2 million for the six months ended June 30, 2017 compared to last year mainly due to higher tonnage throughput offset by a drop-in silver prices throughout the year.\nMine operating loss for the six months ended June 30, 2017 was $0.3 million compared to operating earnings of $1.0 million in the comparable period of 2016.  Mine operating earnings before amortization and depletion1 was $0.8 million for the six months ended June 30, 2017 compared to $2.1 million in the same period of last year.\nNet loss for the six months ended ...